🚨 Yesterday, we were watching Washington. Today, understanding the market also meant watching oil and bonds.
As the week wraps up, I’m revisiting yesterday’s post: I expected a bullish catalyst if the U.S.–China meeting delivered concrete commitments.
There was an outcome: a two-month extension of the trade truce, according to Reuters. But tariffs, Chinese purchases and technology restrictions remain unresolved. My take: it buys negotiating time. Businesses still need greater certainty.
📈 U.S. stocks recovered during Friday’s session as oil prices fell and pressure on parts of the Treasury market eased. Hopes for negotiations to reopen the Strait of Hormuz also shaped sentiment. Crediting the entire move to the trade meeting would miss much of the story.
₿ Crypto’s response was more subdued. When I checked prices for this update, Bitcoin was around $84,000 and
#Ethereum near $2,690, both slightly lower over the previous 24 hours. These are snapshots, not closing prices—crypto keeps trading through the weekend.
That’s my biggest takeaway: stocks can find reasons to rise without Bitcoin and Ethereum moving at the same pace.
The strong, broad rally I had anticipated from the meeting hasn’t been confirmed. I still see value in improving trade relations, but I want to see commitments implemented and sustained buying before strengthening that view.
Next week, I’ll be watching three things: concrete trade progress, oil prices and bond yields. Sustained declines in oil and yields could ease pressure on risk assets. Another jump would make the picture more challenging.
👇 What would give you more confidence heading into next week: trade progress, cheaper oil, or stronger
#bitcoin momentum—and why?
#bitcoin #Ethereum #markets $BTC $ETH